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You purchased a put with a strike price of $100 and an option premium of $3.25. You simultaneously bought the stock at a price of
You purchased a put with a strike price of $100 and an option premium of $3.25. You simultaneously bought the stock at a price of $100 a share. What is your profit per share on these transactions if the stock price at expiration is $101? This is called a protective put strategy.
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